Taib Mahmud’s assets `frozen’? (update 2)

Bernama reported that the assets of Sarawak CM Taib Mahmud has been `frozen’ by the Swiss Anti-Corruption Agency (see report below)-which should be big news if confirmed. No source of the information was mentioned. Previously there was news of an investigation by FINMA of Taib Mahmud’s assets on suspicion of money laundering from corrupt logging trade. Previous reports also said that freezing of assets was still unlikely till a home government of the person involved request the assets freeze. But without all that there is now a news of a freezing of Taib Mahmud’s assets???? It is getting interesting! Who is behind this `upgrade’-and why???? Bernama is a federally owned news agency. Was there any request from a `home government’ to freeze Taib’s assets? Who is Bernama implicating or speaking on behalf? (Update 2 at inside page)

Its commissioner Datuk Seri Abu Kassim Mohamed said the commission was in the process of gathering more information regarding the matter.

“As I said earlier, we are investigating Taib Mahmud and whatever our action is, we cannot reveal at this moment,” he told reporters at Sime Darby Bhd’s signing and handing over corporate integrity pledge to the MACC, here today.

Abu Kassim was responding to a question on whether the MACC was looking at carrying out a similar action by the Swiss Anti Corruption Agency, which recently froze the assets of Taib Mahmud over the allegation of timber corruption.

According to a foreign news report, the Swiss Federation president Micheline Calmy-Rey was reported to be aware of the allegations and had forwarded the information about Taib’s assets in Switzerland to its regulatory body FINMA (the Swiss Financial Market Supervisory Authority) for investigation.

On monitoring mega projects, Abu Kassim said the MACC would continuously monitor these projects from time to time.

“Our responsibility is to monitor whatever project from time to time. I cannot say which project but it is our job to monitor and prevent corruption in the government,” he said when asked whether the MACC had identified other mega projects.

Calmy-Rey in her letter also makes clear that under international money-laundering agreements the burden remains on the Malaysian Government to make a request to Switzerland to freeze potentially illegal assets. Otherwise, countries such as Switzerland might normally be constrained to wait until Taib has been ousted.

On the other hand the Swiss President specifically refers in her letter to the recent freezing of assets belonging to the potentates of Lybia, Egypt and Tunisia, which have been possible under existing provisions of Swiss legislation.

The question is whether Najib Razak will be prepared to move against his key fundraiser? Taib dominates BN as “the tail that wags the dog” in Malaysia, because of his ability to deliver key seats through his dictatorial control over Sarawak’s “rotten” rural seats.

If Najib fails to do act, in the face of an investigation and requests by the Swiss authorities, this alone will become a contentious issue.( From: Sarawak Report)

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12 Responses

The previous news was about Taib’s assets being investigated, not `frozen’. Who added this big progress from `investigated’ to `frozen’? More details are needed to make such a jump. Wonder who in Bernama got the `news’-or it is just a `spin’ too much?

“Umno, we voted you into power, you enjoy plundering & prosperity then turn around & repress & torture us – your people”

Now PM Najib, Home Minister Hishamuddin, Sarawak’s Taib Mahmud are all experts in deception & twisting of facts, just like those leaders & ex-leaders of Zimbabwe, Uganda, Tunisia, Egypt, Libya, Syria, North Korea, Burma.

They cheated & rigged elections & when we have peaceful rally they say we want to cause chaos, and tarnish Malaysia’s image. Image was tarnished long ago by those politicians walking in Putrajaya and Kuching….

They spend all their time politicking, back-stabbing fabricating crimes blamed on the Opposition….They are not leading, progressing (like Singapore) and not doing Malaysia any good at all.

They excel in purchases & projects running in billions. The bigger the more kick-backs & thefts. Corruption is Crime.

The undisclosed outflow of funds from Malaysia in 8 years was RM880 billion (not million).

Since the days of Taib’s Uncle Yakub, tens of millions of acres of forest/logging concessions have been awarded to families & cronies, without open transparent public tenders to return wealth to the poor people. Sarawak’s total value of logs & timber products hovered around RM6 to10 billion annually. Oil Palm is surpassing that mark now. It’s not just timber & oil palm in Sarawak, almost everything under the sun….too many to mention.. This is Hell of a plunder, and that’s just in one state among 13.

Their racial discrimination is TOTAL! In USA a minority race ascended the Obama Presidency. An Indian or Chinese deserves to be a Malaysian PM too. Petronas is 99% Malay. So are thousands of other national assets. Everyone is a citizen entitled to the Nation’s wealth.

Bill Gates & Warren Buffet give a chunk of their (self-made, hard-earned money) multi-billions to charity. They didn’t even get a ‘Sir’ or ‘Datuk’. Here you have a giant criminal rotten to the core, stealing from the state & people who elected him, and you honour him with ‘Tan Sri, Datuk, Pehin, Patinggi, Abang….’ Laughing Stock! Outrageous, disgrace. He should have been in jail years ago, and you are tolerating him day after day!

At last God has intervened and its time that Taib Mahmud faces the consequences for all the rotten things that he has been doing to the state and people of Sarawak. Defitinetely Taib Mahumud would not been able to do all these rotten corruption on his own, he obviously had to take care of all the so called “top-top guns in Malaysia” in order for him to have the go ahead. These so-called cheap politicians they never seem to bother of the one above us who is watcing every moves that we make in our life and in return they feel that they are God almighty. This Sarawak incident should wake-up the Malaysian so let us give an opportunuty to the opposition parties to govern Malaysia. Taib Mauhmud may God have mercy on you and on those whom you have been feeding with your filth.

Barison Nasional you rascals deserve a drastic downfall enjoying in glory at the expense of the rakyat and the states. Malaysians be on the alert do not fall for the rascals of Barisan Nasional and their gimmick of feeding the rakyat with funds of RM200/-, RM500/- etc etc. Be wise let is be that our country is ruled well and in a jusified manner so that all races can enjoy the harmony and peace of our beautiful nation. Let us all joint hands and give the Barisan Nasionals rascals a kick on their buttocks and let us be courageous by welcoming the opposition parties to take control of the governing of our country, the opposition parties deserve a chance so let’s stand together and give in to them. Enough of the rascals of Barisan Nasional, Najib Tun Razak and his puffed-up wife, Taib Mahmud and his dynasty, Sharizat Jalil and her cattle empire, Hishamuddin the extremist and Deputy Prime Minister Muhyuddin (spelling not right I think) who is a puppet and messed up the future education of the Malaysian children and many many more in the list PACK YOU BAGS AND GET LOST!!!. You BN rascals have had enjoyed enough of luxury at the expense of the rakyat and the resources of the country. Majority Malaysian do not want you rascals anymore, the opposition parties derseve to be give chances.

Taib Mahumud what are you going to do know? Now that the ‘cat is out of the bag’. Well I guess the only thing that you can do now is pary ten times a day instead of 5 times and rush down to Mecca and have a glimpse into sacred Kaa’ba. Keep crying to Allah requesting for forgiveness for your bloody rotten shameful acts that you have done as CM of Sarawak. Now your filthy money cannot save you and all this black magic (you rotten politician are very famouns for such nonesense) will not work anymore. I am so happy for you, your rotten sinful deeds have all been exposed. Never take anything for granted there is always a payback time. You should be left penniless for what you have down to your state and the people of sarawak. Your exposure is a very good moral boost for the ruling government, Najib Tun Razak and his hypocratic government.
Shame on you Taib, you are so filthy rich and yet your greed never stopped. A Divine intivention had to take place to place you where you should be.